🚨
$BNB UNDER PRESSURE: SELLERS BREAK THE 600 BARRIER 📉
The market anchor for the Binance ecosystem is flashing red. After a rejection from the $615 resistance zone,
$BNB has slipped below the psychological $600 level, currently hovering around $597.55.
🔹 Market Structure & Sentiment
The technicals show a clear shift in control:
Bearish Rejection: Failed to hold $615, leading to a swift sell-off.
Momentum: Strong downward pressure as buyers struggle to reclaim $600.
Volume: Selling volume is picking up on lower timeframes.
📌 Key Trading Levels
Support Zones (The Safety Nets):
$590: Immediate local support. A break here opens the door to deeper targets.
$575: Major historical demand zone.
Resistance Levels (The Barriers):
$605: Short-term hurdle. Reclaiming this is the first step for bulls.
$615: The "Must-Break" zone to flip the trend back to bullish.
🎯 Strategic Targets (Short-Term)
TP1: $590 (Highly Likely)
TP2: $575 (Secondary Target)
⚠️ Risk Warning: As long as
$BNB remains below $605, the bears are in the driver's seat. Use tight stop losses and manage your leverage. Geopolitical FUD from the East is adding extra weight to the charts today.
Are you buying this dip or waiting for $575? Let’s discuss below! 👇
#BNB #MarketUpdate #TradingSignals #CryptoAnalysis #BinanceSquare